Currencies

Wall Street recovered from an opening loss on Friday following weak jobs data and the pre-emptive Thursday rout.

There was no waiting for tonight’s US employment data. The global economy levee broke last night and the world was down 3%.

Investors worldwide cheered the recent fall in crude prices, but the beneficial effect will soon wear off suggests Standard Chartered.

Wall Street finished flat last night as commodities recovered somewhat from earlier falls and the Dow retraced from down 100.

The oil price fell a total of nearly US$6 over the US long weekend but the subsequent 250 point rally in the Dow turned into down 26 by day’s end.

Was there anyone there? The Dow fell 171 points as Wall Street headed off for the long weekend.

The US dollar rally came earlier than many expected, but CIBC World Markets thinks it may have largely run its course.

A second quarter revised GDP of 3.3% was better than most anyone was expecting, sending the Dow up 200 points.

The newswires are running hot with talk of global US dollar intervention planned back in March, but it’s hardly news.

The Dow rose 89 points on a good durable goods number while the twins made further gains and Gustav forced evacuations.